October 29, 2021
INTER-OFFICE MEMORANDUM
TO: Cynthia Borrego, President, City Council
FROM: Timothy M. Keller, Mayor
SUBJECT: title
Metropolitan Redevelopment Agency 2021 Annual Report
body
Please find attached the 2021 Metropolitan Redevelopment Agency Annual Report. The mission of the Metropolitan Redevelopment Agency is to make Albuquerque competitive in the global market by revitalizing downtown and the Central Avenue corridor, leading collaborative public-private partnerships that result in catalytic change, investing in sustainable infrastructure, and providing opportunities for local residents and businesses to thrive.
In Fiscal Year 2021, MRA’s completed projects leveraged $79 million dollars resulting in 178 housing units, 198 hotel units and assisting 110 restaurants, farmers markets, and food truck plazas during COVID. These projects are infusing economic growth into central city, providing affordable housing, and creating destinations that reflect our culture and our community.
SUBJECT: Metropolitan Redevelopment Agency 2021 Annual Report
Approved:
Sarita Nair Date
Chief Administrative Officer
Recommended:
Lawrence Rael Date
Chief Operating Officer
Approved as to Legal Form:
Estaban Aguilar Date
City Attorney